Australia’s High Court declined to grant Tabcorp special leave to appeal a judgment made in July ordering the company to pay a levy on its former gaming machine operations.
The Victorian government had applied a Health Benefit Levy on Tabcorp’s former gaming machine operations for the 2013 financial year, the company announced.
Tabcorp says the levy ignores the fact that Tabcorp ceased its gaming machine operations in August 2012.
After bringing proceedings against the government in 2013, the Supreme Court decided that the Victorian government had discretion under the Gambling Regulation Act to calculate the levy pro-rata.
But in July 2014 the appeal court ruled in favor of the government, reinstating the levy for the initial proposed period.
The company said the court of appeal’s final ruling has impacted total earnings for 2014 by an estimated $19 million after tax.
“There is no further impact on Tabcorp’s financial accounts as a result of today’s decision,” the company said in a statement.
Life After POGOs – AGB Dossier
This Dossier results from the “Life After POGOs” editorial project by Asia Gaming Brief which culminated with a pop-up digital forum on 9th December to discuss potentials ramifications in the industry.
Australian market report: How to adapt to the new normal
Covid-19 forced the rapid and unexpected closure of venues across Australia, changing the operating environment with unprecedented speed and leaving managers scrambling to adapt...
TRENDING ARTICLES
Resorts World Genting open, not affected by nearby restrictions
Resorts World Genting says it remains open and is not part of a nearby area that is subject to an Enhanced Movement Control Order.
SJM awards living subsidies allowance to employees
Sociedade de Jogos de Macau, S.A. says its eligible employees will receive Living Subsidies equivalent to 2 months or 1.5 months of salary. The Living Subsidies will be made in two equal payments in January and July respectively, with the first payment to be made on 6 January 2021.
David Beckham applies for trademark protection in Macau
The business vehicle of former football player David Beckham has applied for brand trademark protection in Macau, probably in connection with the opening of The Londoner.
Asia Gaming Briefings – Dec 2020 Edition
Over the years, many of the answers have been remarkably prescient in their forecasts for the near-term direction of Asia’s gaming industry. However, we can safely say that no one came anywhere close to guessing
what 2020 may have had in store.
Asia Gaming Briefings – Nov 2020 Edition
While nowhere in the world has escaped the economic fallout from the Covid-19 crisis, Macau has been hit harder than most, with forecasts for gross domestic product to shrink more than 50 percent this year.
Asia Gaming Briefings – Oct 2020 Edition
Before the Covid-19 crisis, tourism in the Greater Mekong Sub-Region was at a record high, on track to welcome 80 million visitors in 2019, generating some $90 billion in revenue.